Silver Oak Securities Incorporated Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Silver Oak Securities Incorporated increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 255.4% during the 4th quarter, HoldingsChannel reports. The firm owned 22,029 shares of the utilities provider’s stock after buying an additional 15,831 shares during the period. Silver Oak Securities Incorporated’s holdings in NextEra Energy were worth $1,581,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Burkett Financial Services LLC increased its holdings in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the last quarter. Reston Wealth Management LLC purchased a new position in NextEra Energy in the third quarter worth about $27,000. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the fourth quarter worth approximately $28,000. Quarry LP purchased a new stake in NextEra Energy during the third quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NEE shares. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Jefferies Financial Group reduced their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Guggenheim lifted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley increased their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $85.85.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 0.0 %

Shares of NYSE:NEE opened at $69.18 on Friday. The business’s 50 day moving average is $72.06 and its 200 day moving average is $77.07. The stock has a market cap of $142.25 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.